KUALA LUMPUR, 30 August 2021 – Hong Leong Financial Group Berhad today announced its final results for the financial year ended 30 June 2021 (FY21).
The Group recorded a net profit attributable to shareholders of RM2.3 billion, an increase of 22.0% year-on-year (y-o-y) for the year due to solid contributions from all its operating businesses; the commercial banking division, Hong Leong Bank Berhad (HLB), the insurance division, HLA Holdings Sdn Bhd (HLAH) and the investment banking division, Hong Leong Capital Berhad (HLCB).
The Group’s efforts on Islamic financial services continue to show results; net income from their Islamic banking and Takaful businesses for the year was RM995 million, an increase of 7.7% y-o-y. The contribution of the Islamic businesses to HLFG Group’s profit before tax was 14.2%.
The Group’s book value per share increased from RM18.43 as at June 30, 2020 to RM20.13 as at June 30, 2021.
The Group declared a final dividend of 29.2 sen per share. Including the interim dividend of 10.8 sen per share, HLFG would have paid/ declared a total dividend of 40 sen per share for the financial year.
Hong Leong Financial Group’s President & Chief Executive Officer, Tan Kong Khoon commented, “Despite the challenging business environment due to the on-going COVID-19 pandemic, the Group has navigated through the year to deliver a commendable performance across all core operating businesses. We anticipate a gradual recovery of the Malaysia economy underpinned by the rapid COVID-19 vaccination rollout and the country’s expected progression under the National Recovery Plan.
“Notwithstanding this, we shall continue to prudently manage our key business risks and ensure our business continuity plans remain in place. We expect the Group to remain resilient and draw on our strength in terms of liquidity, capital and credit discipline whilst maintaining our strong focus on risk management.”